19/ 12/ 2017

The Dollar in Focus with the House Due to Vote on the Tax Reform Bill

The markets are generally in buoyant mood as a carry-over of what had happened last week on Friday in the markets. The tax reform bill in the US is progressing in a strong and smooth manner and this is likely to benefit the risky assets. On cue, we are seeing the stock markets in the US going up in anticipation of the bill going through. The indications are that the bill would go through during the first half of the week and this is likely to be the most important event of note during the course of the week.

Meanwhile, the Dollar looks ready to pounce should the House vote in favor of the tax reform bill later today, with economic data out of the U.S likely to play a minor role in the Dollar’s path this afternoon.

18/ 12/ 2017

Week Ahead | US and UK GDP Figures on focus before the Holidays

After some roller-coaster rides during the week, Dollar staged a broad based come back before the weekly close. The Republicans' tax plan is now back on track for being signed off by US President Donald Trump, by the end of the year, probably even before Christmas. There were various factors sank the greenback. Staying in the currency markets, Sterling ended as the weakest one as traders cashed in on news that EU formally approved of the sufficient progress on Brexit negotiations. UK and EU team will enter into trade talks next year. Euro was the second weakest one. ECB left monetary policies unchanged as widely expected too.

As we enter the last week before the holiday GDP data from the US, the UK, and Canada stand out.

14/ 12/ 2017

Dollar Crumbles after FED Decision

Euro strengthened against dollar on Wednesday after Federal Reserve raised interest rates in a widely expected move, but left its rate outlook for the coming years unchanged. Despite many FED members believe in better growth outlook in US to come next year, they looked again worried about the inflation predicting it to remain under control.

Furthermore, objections from FED Presidents, Neel Kashkari and Charles L Evans sent the dollar down further down, as they think there's no need to raise the interest rate yesterday and have highlighted previously their worries about the persistence of the inflation low levels.

Today will be a busy day with European Central Bank and Bank Of England releasing their Rate decisions, monetary policy statements followed by press conferences. Investors will be keeping a close eye on these events for fresh hints along with US Retail data.